{"id":6845,"date":"2026-02-09T00:11:18","date_gmt":"2026-02-09T05:11:18","guid":{"rendered":"https:\/\/www.inflation.us\/news\/?p=6845"},"modified":"2026-02-09T00:11:21","modified_gmt":"2026-02-09T05:11:21","slug":"396-billion-into-stocks-4-billion-into-gold-silver","status":"publish","type":"post","link":"https:\/\/www.inflation.us\/news\/articles\/396-billion-into-stocks-4-billion-into-gold-silver\/","title":{"rendered":"$396 Billion Into Stocks\u2026 $4 Billion Into Gold & Silver"},"content":{"rendered":"\n
\n

Over the past decade, investor capital<\/span> has flowed<\/span> in the exact opposite<\/span> direction of performance<\/span><\/strong>.<\/p>\n\n

Cumulative fund flows into the Vanguard S&P 500 ETF (VOO)<\/strong> have reached $467.592 billion<\/strong>… 10.76× more<\/strong><\/span> than the combined<\/strong><\/span> flows into GLD + SLV + GDX + GDXJ + SIL + SILJ<\/strong>, which together total just $43.448 billion<\/strong>.<\/p>\n\n

This would be understandable if VOO<\/strong> had been the best-performing<\/strong><\/span> asset. It wasn’t<\/span>.<\/strong><\/p>\n\n

Every single one of these gold<\/span> and silver<\/span> ETFs has outperformed<\/span> VOO<\/strong> over the same 10-year period.<\/p>\n\n\n

\"10-Year<\/div>\n\n

10-year total return comparison showing gold and silver ETFs outperforming both stocks and long-duration bonds.<\/em><\/p>\n\n

The misallocation<\/strong><\/span> becomes even more extreme when bonds<\/strong> are included.<\/p>\n\n

Over the past decade, cumulative inflows into the iShares 20+ Year Treasury Bond ETF (TLT)<\/strong> totaled $46.535 billion<\/strong>, exceeding<\/strong><\/span> the combined flows into all major gold<\/span> and silver<\/span> ETFs<\/strong>. Yet TLT has been the worst-performing<\/span> asset of all<\/strong>, collapsing -33.43%<\/strong><\/span> during this period.<\/p>\n\n\n

\"10-Year<\/div>\n\n

Despite underperformance, VOO and TLT absorbed nearly all investor capital over the past decade.<\/em><\/p>\n\n

And even after TLT’s historic collapse<\/span><\/strong>, the allocation picture has barely changed.<\/p>\n\n

Since October 14, 2020<\/strong>, cumulative fund flows show:<\/p>\n\n

    \n\t
  • VOO:<\/strong> +$395.55 billion<\/li>\n\t
  • TLT:<\/strong> +$40.806 billion<\/li>\n\t
  • GLD + SLV + GDX + GDXJ + SIL + SILJ (combined):<\/strong> +$4.249 billion<\/li>\n<\/ul>\n\n

    Despite years of clear outperformance by gold<\/span> and silver<\/span><\/strong>, investors have allocated nearly 100× more capital<\/span> <\/strong>to VOO<\/strong> than to the entire gold<\/span> and silver<\/span> ETF<\/strong> complex… and nearly 10× more capital<\/span> <\/strong>to TLT<\/strong>, the worst-performing<\/strong><\/span> asset of all.<\/p>\n\n

    The average investor still has virtually zero<\/span> exposure to gold<\/span> and silver<\/span>.<\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

    Over the past decade, investor capital has flowed in the exact opposite direction of performance. Cumulative fund flows into the Vanguard S&P 500 ETF (VOO) have reached $467.592 billion… 10.76× more than the combined flows into GLD + SLV + GDX + GDXJ + SIL + SILJ, which together total just $43.448 billion. This would be […]<\/p>\n","protected":false},"author":1,"featured_media":6848,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[245,28,9,17,8],"class_list":["post-6845","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","tag-bonds","tag-etfs","tag-gold","tag-silver","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/6845","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/comments?post=6845"}],"version-history":[{"count":1,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/6845\/revisions"}],"predecessor-version":[{"id":6849,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/6845\/revisions\/6849"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/media\/6848"}],"wp:attachment":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/media?parent=6845"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/categories?post=6845"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/tags?post=6845"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}